Northern California Real Estate

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PLACER COUNTY ~

 
 
 
 
 
 
 
 
ROSEVILLE

 
 
 
 
 
 
 

Yuba - Sutter - Butte County's
 
 
Oroville Lake ~ Chico-Paradise

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GOV. BROWN SIGNS BILL TO STOP TAX ON LOAN MODIFICATIONS
Earlier this week, Gov. Jerry Brown signed AB 1393 (Perea), which extends tax relief on forgiveness of mortgage debt by conforming California law to federal law for the 2013 tax year.  C.A.R. supported the bill so that homeowners will not be charged state income tax when they’ve had a mortgage loan modified to reduce the principal.  Previously, the forgiven debt created by a reduction in principal (e.g., loan modification) wasn’t subject to federal income tax, but was taxable under state law.  AB 1393 will provide much-needed state-level tax relief to homeowners facing financial hardship and is great news for homeowners.  
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Market Commentary  *  Market Snapshot  *  Newsletter Signup

U.S. FORECLOSURES FALL TO LOWEST LEVEL SINCE JULY 2006
U.S. properties with foreclosure filings — default notices, scheduled auctions, and bank repossessions — fell 19 percent in the first half of 2014 from the previous six months and were down 23 percent from the first half of 2013, RealtyTrac reported.  One in 214 homes had at least one foreclosure filing in the first six months of the year. The report also includes new foreclosure activity data from June, when a total of 107,194 U.S. properties had a foreclosure filing, down 2 percent from the previous month and down 16 percent from a year ago to the lowest level since July 2006, before the housing price bubble burst. Total foreclosure activity in June was the lowest since the housing bubble burst in August 2006 in 10 states, including Texas, Georgia, Colorado, Tennessee, Arizona, and Nevada. 
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Hopp for Action ... ... then, start packing !
                     Expect Extroadinary Service!
 
                     Your ' NEXT'  Realtor                                                                                     TESTIMONIALS
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GINGER  HOPP     BROKER CFS #01240587          Realtor Since 1998

EAGLE EYES REAL ESTATE 

Specialty Counties: Placer County CA, Nevada County CA, Sacramento County CA, Marin County CA, Sonoma County CA, Napa County CA, Calaveras

  (707) 790-0022
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  Ginget@Hotmail.com  "Certified Foreclosure Specialist"  
     Specializing in NOTES @ 55% of current market value

                              HOMES R WE           LOANS R WE    
                         Call Team-Hopp ~ we'll HOPP-to-it

Thinking of Selling?     Call me & we'll discuss it ... no obligation

Buy Notes @  55%  of current market value

LET OUR EAGLE EYES ... FIND YOUR BEST DEAL
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EAGLE EYES REAL ESTATE